Which of the Following Gains Does Not Result Solely in an Ordinary

question 43

Multiple Choice

Which of the following gains does not result solely in an ordinary gain or loss?

• A)Sale of equipment held for less than a year.
• B)Sale of inventory.
• C)Sale of equipment where the gain realized exceeds the accumulated depreciation.
• D)Sale of equipment where the accumulated depreciation exceeds the gain realized.
• E)None of the choices are correct.

---

Definitions:

Margin of error

A measure indicating the range of values within which the true value is likely to fall, with a certain level of confidence.

Confidence interval

An estimated range of values which is likely to include an unknown population parameter, based on the given data.

SAT scores

SAT scores are standardized test scores used for college admissions in the United States, assessing mathematical, verbal, and writing skills.

Confidence interval

An assortment of values, from sample-based statistics, that is speculated to contain the unseen population parameter value.